I still hold on to the belief that the price movement of gold since its peak at Aug 2020 is a wave C, a 5 wave structure. But contrary to the popular belief that wave 1, 3 and 5 needs to be 5wave structure, there are literatures in the open that claims they can also be a 3 wave structure.
Wave 1, as depicted in the chart, is a three wave (abc) structure with wave c is an expanding diagonal.
Wave 2 is a flat, with wave b as a contracting triangle.
Wave a of wave 3 has a 5 wave count. I would label wave b as a WXY structure. In this case, a double flat structure, Wave W is a expanding flat, and Wave Y is a flat with a truncated wave 'c'
Wave c of wave 3 should target in the region of 1450. That's all for now
Wave 1, as depicted in the chart, is a three wave (abc) structure with wave c is an expanding diagonal.
Wave 2 is a flat, with wave b as a contracting triangle.
Wave a of wave 3 has a 5 wave count. I would label wave b as a WXY structure. In this case, a double flat structure, Wave W is a expanding flat, and Wave Y is a flat with a truncated wave 'c'
Wave c of wave 3 should target in the region of 1450. That's all for now
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.